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Aged Australians focus in largest retirement home-equity ‘boost’

Household Capital will now provide both federal government Home Equity Access Scheme and household loans to older Aussies, it ...

Qld housing supply boost welcomed by REIQ

The Palaszczuk government’s plan to broaden housing opportunities has been hailed by the Real Estate Institute of Queensland

REIA urges RBA to hold off on a Christmas rate rise

Citing the slowing pace of the ABS’ consumer price index (CPI), Hayden Groves has called for the central bank to ease ...

FHBs prefer space for pets over proximity to family

New CommBank research has revealed that having a place for pets ranks higher in importance than closeness to family for first ...

Mortgage competition enhanced with non-bank CDR inclusion

Consumer Data Right’s ‘open banking ecosystem’ has been extended to include non-bank lenders, Treasury has announced.

Construction backlog holds up sector

The building sector has been pumped up from the backlog of construction work, but demand is beginning to ease as the cost of ...

Major bank sets $6bn affordable housing target

NAB has committed to lending at least a further $6 billion by 2029 towards affordable and specialist housing.

Firstmac completes auto bond issue for ‘eco-conscious’ borrowers

The non-bank lender completed a $457 million auto bond issue adding to its range of eco-conscious offerings for borrowers and ...

Making news this week (ending 2 December)

In case you missed it… softening inflation, poses a ‘dilemma’ for RBA, borrowers receive apology from the Reserve Bank, ...

Resident loans continue lending growth but slower: APRA

Amid continued tight economic times, loans for owner-occupied housing increased $7.6 billion (0.6 per cent) in October, ...

Dwelling values see lowest monthly fall since August: CoreLogic

National dwelling values in November have seen the smallest monthly decline since June, according to the latest CoreLogic ...

Inflation tipped to weigh on December’s rate hike

While economists remain divided on how much inflation and the cash rate will lift, there’s consensus that both will increase

Rates’ stress compounded via labour market downturn: Westpac

Household financial stress will ratchet higher as rates increase and would then be impacted by any downturn in the labour ...

Wisr obtains additional $25m facility

The non-bank lender has secured a $25 million debt facility and has progressed towards securing a warehouse facility with one ...

AOFM welcomes its 1st female CEO

Anna Hughes, South Australia’s Deputy Under Treasurer, has been appointed chief executive of the Australian Office of ...

Communication ‘failure’ flagged as borrowers get RBA apology

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done

More than 40% of income required for Qld borrowers

Despite property prices falling this year, it would cost a Queensland borrower 40.3 per cent of their income to service a new ...

Brokers now facilitate 71.7% of mortgages

The third-party channel has broken 70 per cent market share for the first time in history, new MFAA data shows.

Head of BOQ exits

Bank of Queensland has announced that it is searching for a new head as “different leadership is now required”.

Mutuals’ positivity persists despite headwinds ahead: Report

Continued size, staff, demographic, and economic challenges for mutual banks lie in wait, a KPMG survey has highlighted.

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